Eight-Year Car Loans Fuel Canada Sales Over Debt Warnings

http://www.bloomberg.com/news/2014-08-20/eight-year-car-loans-fuel-canada-sales-over-debt-warnings.html

Received a call this AM.

HAM couple, husband and wife. They have several properties here.

“Why no offers on our (one) listing?”.

After going through that, they told me to push the pricing on this to get it sold, and to ready the other properties for sale now.

Again, this is all anecdotal vs Oracle (and his alias’) cold hard stats, but this is what causes me to think that the high end market is turning and could be in for a significant rout.

If it is so, not sure why anyone would be shocked, in retrospect, by a meltdown.

a Dodge won’t last for 8 years. Need cmhc insurance, package them and securitize them, trip AAA ratings,

Well the “high end sales dip just a blip” article in the Globe and Mail does state that the last two months had sell list under 10% for high end homes in Vancouver. Considering that Paul’s numbers show a very healthy sell list one has to put more faith in Westside’s claims. After all he has been bleating about this for the past two months and the article sure bears out what he is saying.
I hope he is right; but right or wrong I already decided to wait for the next recession to play out.
Good luck all.

not sure why old asian ladies scamming car owners and then getting them towed is “beautiful”, but there you go.

Thank you Dyugle, appreciated.

My thoughts/opinions fully reflect my current experiences and the views shaped by them.

‘Considering that Paul’s numbers show a very healthy sell list one has to put more faith in Westside’s claims. After all he has been bleating about this for the past two months and the article sure bears out what he is saying…..’

Hmmm….trust Paul’s stats that have been religiously delivered and accurate for years, or follow the GM and a make believe realtor who has failed to provide one piece of quantitative data despite apparent access to the ‘inside’ information…

Choices, choices

Give it up already. We get it, you have a hard on for westside realtor/Romeo Jordan. I think the people that frequent this site can make up their own minds about him/her and will down/up vote accordingly. Some people like anecdotal evidence, some people like stats and the votes, by design, will take care of it. Stop with the incessant attacks already. Give the readers here some credit for being able to tell a sheep from a wolf or a HAM from a over-stretched middle class debtor.

russia is making it’s move. is china far behind? knowing the chinese they will wait for russia and the west to be fully embroiled in conflict before stepping in.

Just got back from a several week camping tour of the interior (Vernon, Revelstoke, Summerland, Princeton). It’s staggering the number of for sale signs out there! Even in the boonies, off on 4WD logging roads: for sale signs everywhere.

Duplex asking price lower than assessed?!

6012 Chancellor Blvd (UBC) assessed: $1,882,000, asking: $1,839,000 (150 days)
http://www.realtylink.org/prop_search/Detail.cfm?MLS=v1056467&REBoards=All&From=MLS

6072 Chancellor Blvd (UBC) assessed: $2,408,000, asking: $2,390,000
(70 days official, two years on and off)
http://www.realtylink.org/prop_search/Detail.cfm?MLS=v1071709&REBoards=All&From=MLS

Note: these two units have $800 + monthly condo fees

I trust most of people give their insights and opinions here. Paul’s daily sales number is healthy, my understanding is big number of sales are from condos, cheap houses, but not over million… Any thought?

@14 I know can you imagine an $800 a month maintenance fee?! My friend rents a 2800 sqare foot townhouse for $2,800, on the west side. It would sell for approx $1 million. It’s older, but nice, but ripe for special assessments. The complex has a swimming pool and nice grounds. The maintenance fee is over $600 a month. Do the buy/rent analysis on that one. It’s WAAAAAAAY cheaper to rent. The fact that rents do not support these prices is a huge red flag.

Armoured China vehicles cause alarm in Hong Kong

news.yahoo.com/chinese-army-vehicles-cause-alarm-hong-kong-070708344.html

there are 300,000k canadian citizens in HK. what if they decide to come ‘home’.

B.C. tour bus crashes on Coquihalla Highway, 43 injured, 5 critically
Richmond-based Super Vacation organized trip for visiting Chinese nationals

http://www.cbc.ca/news/canada/british-columbia/b-c-tour-bus-crashes-on-coquihalla-highway-43-injured-5-critically-1.2749862

@hongcouver

If China invades Hong Kong, buy a SFD or two ASAP in Metro Vancouver. I garuantee you will retire within 1 year..

The 300 Thousand rich there will not stay there and flood Vancouver.

Here’s a headshaker. Unbelievable the courts are even letting this go to trial:

“A 22-year-old woman is suing her ex-boyfriend to pay tuition for a class she says she failed due to distress over the breakup.

Roopam Plawn is a marketing student at Thompson Rivers University in Kamloops and was a contestant earlier this month in the Miss India-Canada pageant, held in Toronto.

Plawn says in her notice of claim that she is seeking $500 for the class, $600 for anxiety, depression, insomnia and loss of working time and performance and $250 for “severe distress.”

http://www.vancouversun.com/news/metro/Kamloops+student+sues+boyfriend+tuition+failed+class+after/10161342/story.html

more from the front lines:

what really annoys me is the assholes that take their cars off their driveways, park in the resident only parking spots on the streets, and then sell their spots..
If they get rid of that residential only parking it’s because of those pricks..
quit waving your fucking cardboard sign at me.. i’m not parking… i’m just passing by.

http://www.reddit.com/r/vancouver/comments/2evhzh/if_you_absolutely_must_drive_to_the_pne_dont/

Hearing about the ‘parking pimps’ reminds me of another problem. An old Asian women came into my back hard garden with a bag and picked my tomatoes. When I saw her she started to run away. I managed to get my tomatoes back, but what the fuck? Who does that to their neighbors?

The averages may actually come down this month, despite some late great HAM buying like another $3.5 M today

Fingers crossed.
probably wont know until Tuesday but an average that is still dropping would be a hard for to spin.